Sell Structured Settlement Payments – getting paid after this epic decision

Sell Structured Settlement Payments – getting paid after this epic decision

There are so many argument for and against if one should sell his structured settlement.

Those who are of the opinion that it should be sold have outlined their strong reasons.

So these are some checklist you need to consider.

Selling your structured annuity is like selling a typical investment which bring income to you. We all know the state  of the economy today. You don’t want to taper with your income generating asset. Structured settlement annuity can be liken to be your income asset. So this might really be a source of concern.

So if you are seriously concerned about selling these payment settlement. You need to check if what the money will be used for is an asset or liability.

We have read about how the rich invest in asset while the poor invest in liability. You don’t want your settlement claim to become a liability do you?

The payment from yourstructured settlement can go into things like building a rental house.

Or developing an education which in turn will yield income in the future. So this payments you will receive as an annuitant can still be put to good use. Here is a brief list of assets that you can get with your settlement funds.

An house

An education

Books

Other small businesses

A training program

And there are many more. 

The goal is to ensure that you put your money to good use.

I know there are individuals who current want to use their long term payment to offset their debts and  avoid foreclosure.

It true that we never liked the idea of owing debts.

You still want you find out the rates its sell for today or tomorrow.

Things to avoid

Exorbitant rates

Spend your lump sum on vanities

Unforeseen future spikes that hurts

You may have your reason for selling these lum sum payments which could be structured but you need to get expert advice too.

Do you have a car that you really want to get replaced or are you planning to build a new home. Salespersons and estate agents will be all over trying to get your attention. one of the things this article aims to achieve is that we should never give up.

Decisions and choices that will move you forward should never be taken without consultation.

You might need to also check if selling your structured payments will not affect you adversely in the future.

My take on this:

To sell or not to sell means you should see ahead of your immediate needs. Whatever it is . you need to see beyond them. Remember that structured annuity can raise money for you but its what you choose to do with the money that truly affects and ultimately impacts your financial status.